MOL, Waterfront ink long-term charters for methanol carrier pair

By Baird Maritime - December 11, 2020.

*Taranaki Sun, an MOL-owned methanol dual-fueled methanol carrier (Photo: MOL)*

Mitsui OSK Lines (MOL) has entered into long-term charter agreements for two methanol-fueled, methanol carriers with Methanex Corporation subsidiary Waterfront Shipping.

The vessels will be equipped with dual-fuel engines that can run on either environment-friendly methanol or conventional fuel oil. They are slated for delivery following completion at Hyundai Mipo Dockyard in 2021 and 2023, respectively, and will transport methanol for WFS.

The two new vessels will be MOL’s fourth and fifth methanol-fueled ships chartered to WFS, which makes MOL owners of one of the world’s largest methanol-fueled fleet.

The new vessels will be managed by MOL Group company MOL Tankship Management.